Trade Development 2016 - Two first Quarter Update

23.09.2016 03:43

Imports from Malaysia to Denmark stagnated, while exports of Danish products to Malaysia experienced a slight decline

Compared to last year’s first quarter, Denmark has experienced a drop of 2% in imports from Malaysia from 2015 to 2016. After a sharp decline in import of nearly 25% from the last quarter of 2015 to the first quarter of 2016, the quarterly development in import from Malaysia to Denmark registered a small incline of approximately 1% from DKK 304 million (MYR 190 million) in the first quarter of 2016 to DKK 306 million (MYR 191 million) in the second quarter of 2016. The changes in import were mainly within vegetable oils and fats along with clothing and accessories and apparatus for telecommunication, sound recording and reproduction.

Contrarily, Danish exports to Malaysia in the first quarter of 2016 showed a different pattern. Having dropped nearly 7% compared to last year’s first quarter, Danish exports experienced a decline of approximately 5% from DKK 342 million (MYR 214 million) in the first quarter of 2016 to DKK 324 million (MYR 202 million) in the second quarter of 2016. The drop in export largely stems from the exports of medicinal and pharmaceutical products along with electrical machinery and apparatus.